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The Europe malt extract market is valued at US$ 9.8 Bn in 2021. The market is likely to grow at a CAGR of 5.6% through 2026, reaching US$ 12.9 Bn by 2026.

Rising consumer awareness about the high nutritive value of diastatic malt extract will continue to drive the growth of Europe malt extract market Increasing health awareness and rising consumer demand for traditional foods will also influence demand. However, non-availability of substitutes and shortage of malt owing to increasing usage in breweries can impede demand. These insights are according to a new research report by Future Market Insights.

The key trends influencing the Europe malt extract market include,

• Increasing preference for gluten-free bakery products: Concerns about rising obesity levels is prompting consumers in Europe to opt for gluten-free bakery products. Gluten-free malt extract is used as a colouring and sweetening agent in a variety of products. Owing to this, it is expected that demand for malt extracts will witness steady growth during the period 2016-2026.
• Government regulation on additive-free products: The industry-wide focus on additive-free products has led to increased demand for malt extracts, as these reduce the need of adding synthetic flavours, resulting in extended shelf life of products.
• Marketing aligned with ‘health and wellness’: Manufacturers are focusing on selling the ‘health and wellness’ attributes of malt extracts, by creating relevant marketing campaigns.
• Preference for sugar-free label products: Non-diastatic malt extracts naturally convert to sugar, reducing the need for addition of sugar. Owing to these factors, demand for malt extracts is expected to witness an increase during 2016-2026.

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A Highly Fragmented Market 

Top three players – Group Soufflet, VIVESCIA Industries, and Cargill Incorporated – account for over 28% volume share of the Europe malt extract market. The Europe malt extract market remains quite fragmented fifteen players accounting for nearly 72% volume share. Both established and emerging players are focusing on increasing their production capacity and acquisition of niche players to boost their market position.

The Europe malt extract market was valued at US$ 7.53 billion in 2016. Future Market Insights projects it to grow at 5.6% CAGR during the forecast period 2016-2026, reaching US$ 12.94 billion in revenues.

Barley Remains the Largest Source 

Barley remains the largest source for malt extracts, accounting for nearly 75% revenue share of the market in 2016. In 2016, this segment was valued at US$ 5.63 billion; in terms of volume, demand for barley was worth nearly 9 million tonnes in 2016. Wheat remained the second largest source, followed by rice and rye.

Dry Malt Extracts Continue to Witness Higher Demand

Malt extracts are available in dry and liquid form, with the former accounting for bulk of demand. Demand for dry malt extracts will continue to remain higher than liquid variants throughout the forecast period. While dry malt extract volume is projected to grow at 4.6% CAGR, demand for liquid malt extracts will grow at 3.9% CAGR.

Standard Outsells Speciality 

Future Market Insights has also segmented the Europe malt extract market on the basis of product type into standard and specialty. The standard segment accounted for over 77% revenue share of the market in 2016; this is expected to decrease to 76% by the end of forecast period.

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Beverages Largest Application Segment 

Beverages continue to remain the largest application segment of malt extracts. This segment held 48% revenue share of the market in 2016. Bakery and confectionary remain the other key application segments.

Western Europe Accounts for Bulk of the Demand 

Demand for malt extracts is concentrated in Western Europe, owing to the presence of a large number of manufacturers. Future Market Insights projects Western Europe to remain the dominant region for malt extracts during the forecast period.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global market for cloud based backup services is expected to be worth US$ 3,877.0 million in 2022, rising to US$ 17,550.0 million by 2032. During the forecast period of 2022-2032, the market is expected to grow at a CAGR of 16.3%. Cloud based backup services helps enterprises to back up the data and also help to deliver a copy of data over a public network to an off-site server.

The cloud based backup services plays a vital role in intelligent business continuity policy. Cloud based backup services has several benefits such as security, storage and virtualization which helps organizations to relieve from data security concern associated to cloud computing. The cloud based backup services market is gaining traction rapidly owing to growing demand for big data, social networking and increasing usage data base management solution in enterprise application.

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Cloud Based Backup ServicesMarket: Drivers and Challenges 

The increasing demand to reduce organization IT spending is one of the major factor driving the cloud based backup services market. The cloud based backup solution provides application and infrastructure support to organization at very low cost than on premises storage solutions.

The cloud backup services allows customers to manage several virtualized environment and offers disaster recovery. Improved organizational productivity, stringent security and regulatory policies are another factors which are driving the growth of cloud based backup services in positive manner.

Compliance issues and Latency in data transfer are the major restraints faced by cloud based backup services market.

Cloud Based Backup ServicesMarket: Key Players 

Some of the key players of cloud based backup services market are: CA Technologies, CommVault, EMC, IBM Corp., Microsoft Corp., Symantec,Acronis International, Actifio Technologies, Asigra Inc., Carbonite Inc., Dell Software, FalconStor Software, HP, NetApp, and Veeam Software.

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Cloud Based Backup ServicesMarket: Regional Overview 

Presently, North America is holding largest market share of cloud based back up services owing to increasing competition of public cloud service providers, and enterprise mergers to increase product line and services.

In APAC and EMEA region, the market of cloud based managed services is growing gradually owing to enterprises are developing their IT infrastructure and looking for adopting new technologies in countries like India and China.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on 

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

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Key Segments Profiled In the Global Cloud based backup services Market

Cloud based backup services market by enterprise:

• Cloud based backup services for small and medium enterprises
• Cloud based backup services for large enterprises

Cloud based backup services market by end-users:

• Cloud based backup services for IT and telecom
• Cloud based backup services for government
• Cloud based backup services for manufacturing
• Cloud based backup services for BFSI
• Cloud based backup services for retail
• Cloud based backup services for others

Cloud based backup services market by region:

• Cloud based backup services market in North America
• Cloud based backup services market in Latin America
• Cloud based backup services market in Eastern Europe
• Cloud based backup services market in Western Europe
• Cloud based backup services market in APAC
• Cloud based backup services market in Japan
• Cloud based backup services market in MEA

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Acai berry is a reddish-purple fruit which comes from acai palm tree and is found mostly in central and South America. It is a delicious dark berry packed with natural antioxidants, including vitamin C, vitamin E and special phytonutrients called anthocyanin. Studies show that Acai provides significantly more antioxidants than such well-respected foods such as blueberries, oranges and even red wine. Due to the vitality of this fruit, it is also referred to as the “Viagra of the Amazon.” In addition to the antioxidants mentioned above, Acai is rich in fiber and contains Vitamin B1, B2, B3, Vitamin E, Vitamin C, Calcium, Potassium, Proteins, and healthy fatty acids Omega 6 and Omega 9. Thus, we could witness a rise in the demand for acai berry in the market.

Acai Berry Market: Drivers & Restraints
Due to the growing prevalence of health disorders, consumers are turning their preferences towards healthy fruits, vegetable and beverages. Thus, market for acai berries is growing with a significant pace. Consumers are becoming aware about the various benefits of acai berry and are turning towards consuming acai berry based products. Acai berry fruits have high antioxidant properties which enhance the general well-being and support weight loss.
Another important driver for the acai berry market is the growth in the organic cosmetic industry which is also playing an important role for the increase in the demand for acai berries.

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However, there are many threats for the acai berry market in the form of conventional allopathic medicines and chemical based cosmetics. Growth of nutraceutical industry might prove detrimental for the acai berry market.

Acai Berry Market: Segmentation
The acai berry market can be segmented on the basis of application. This can be further segmented into Functional Food and Beverages, Pharmaceuticals, Dietary Supplements, Personal Care/ Cosmetics and Others. The market can also be segmented on the basis of form of availability, viz; pulp, juice and powder.

Acai Berry Market: Region Wise Outlook
Geographically, the acai berrymarket is segmented into seven regions which are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA) and Japan. Among all the countries, Brazil and America is leading in terms of volume in the global acai berrymarket followed by Asia Pacific, North America & it is expected that in near future, Asia Pacific is going to lead this market.

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Acai Berry Market: Key Players
Some of the key players across the value chain dominating this market are The Berry Company Llc, Phyto Nutraceutical Inc., Jinan Felicity Biotechnology Co., Ltd, and Pharma Nutra USA. These companies are developing market strategies such as mergers and acquisitions, Joint Venture, New product development and Expansion to increase their market share in Global Functional Beverages Market.

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The dietary fibers market is valued at nearly US$ 8.47 Bn in 2021. The market is likely to grow at a CAGR of 10.6% through 2032 with a projection value of US$ 18.6 Bn.

In 2021, europe region is the largest market for dietary fibers market. Though, East Asia is the highest growth market region. Soluble dietary fiber from different dietary fibers dominates the dietary fibers market currently.

In a recent study, Future Market Insights (FMI) offers a perspective on the growth trajectory of dietary fibres market for the period between 2022 and 2029. As per the report, global consumption volume of dietary fibres reached 1.8 metric tons in 2021, equaling revenues worth ~US$ 7 Bn. Gains will remain driven by increasing consumer awareness regarding the benefits of dietary fibres along with food manufacturers engaging in fibrous NPDs (new product developments).

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Dietary fibres can be found in a variety of meals. However, they are mostly found in plant foods, including fruits, vegetables, and legumes. Based on the type, the two most common forms of dietary fibres on the market are soluble and insoluble. Plants provide the majority of these fibres, which are made up of cellulose and non-cellulosic polysaccharides. Dietary fibres are used in a variety of industries, including pharmaceuticals, food and beverage, and animal feed.

As healthcare professionals continue to encourage fibre intake as a key to improving long-term health, market players are significantly paying attention to value-added offerings. Big brand companies as well as small high-tech startups are rigorously exploring the potential of dietary fibres in their products, which is likely to promise new beginnings for the market stakeholders.

Consumers, leading fast-paced lives, have started to keep an eye on dietary recommendations, resulting in a move towards proactive healthcare and lifestyles. As consumers are becoming food explorers and newer trends are emerging at rapid pace, FMI’s analysis infers that the dietary fibres market players are placing betting on R&D investments and new product launches.

Fibre intake has been alarmingly low in various regions, resulting into population-wide deficiency – known as ‘fibre gap’. As science behind dietary fibres expands, this ingredient has been witnessing renewed interest from young consumers for weight management benefits, while aging consumers tend to seek digestive health benefits.

Stakeholders Leverage White Spaces to Drive Sales Opportunities
According to the FMI study, the dietary fibres market is likely to grow at CAGR of ~10% during the predefined timeframe. Obesity, diabetes, and other lifestyle diseases are on the rise, especially in developed regions, and as a result consumers are increasingly becoming health conscious and spending on high nutritional products. The study opines that a rise in consumer preference for maintaining a healthy diet and regulating body weight will provide a strong business outlook for the market players.

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Use of soluble dietary fibres has been confined in functional F&B industry as a highly nutritive ingredient, while stakeholders are focused on identifying and leveraging the white spaces in their application, which range from pet food to cosmetics. Capabilities of corn fibre as an effective fibre source for pets, lignin as an emulsifier and efficient substitute for whole eggs in bakery products, pectin in food processing, and beta-glucan in cosmetic production are increasingly being explored. As the market continues to benefit from consumer shift towards plant-based ingredients and sugar substitutes, stakeholders are further exploring new sources of dietary fibres, apart from cereals & grains and fruits & vegetables.

As per the study, dietary fibres market players continue to witness growth opportunities in developed markets – Europe and North America, which collectively account for ~60% revenue share. In addition to increasing consumer spending on products with high nutritional value, government agencies in the regions are undertaking awareness campaigns to bring due attention towards the need for maintaining a balanced diet, thereby creating a high demand for dietary fibres. Market stakeholders are further eyeing on newer opportunities in Asia Pacific, particularly in countries such as China, Japan and South Korea, on the back of a notable trend for healthier eating.

FMI’s study identifies restraints that could possibly represent a threat to the lucrative stride of dietary fibres market. Research studies have found that excessive consumption of dietary fibres and their addition in processed foods can have adverse effects on human health, which may add to reluctance of consumers to adopt such ingredients.

The study opines that dietary fibres market is on an upward swing with increasing number of small players entering into the space with new product offerings that align with consumers’ trends. Leading players continue to put emphasis on filling the fibre gap through R&D activities and product innovations.

Competitive Landscape
Dietary fibre manufacturers are pursuing strategic alliances and strategic partnerships with other manufacturers in order to enhance productivity and meet the demands of an ever-growing patient pool.

The industry is defined by a high level of capital expenditure and a complicated manufacturing process. Cost-effective manufacturing procedures can help establish global market sustainability. The (FDA) in the United States and the European Food Safety Authority (EFSA) in Europe are expected to stymie the entry of new businesses. Furthermore, the existence of a large number of producers is likely to raise entrance barriers.

Cargill, Inc. invested about USD 35 million in Europe in October 2019 to expand its current product line of sweeteners, starches, and texturizers to include soluble dietary fibres. This strategic project is the company’s first foray into soluble dietary fibres in Europe, and it was launched to give on-trend solutions to makers of high-quality products such as bakery & confectionery goods, cereals, and dairy products.

The key players in the market are BENEO, ADM, Cargill, Incorporated, DuPont, Ingredion Incorporated, Roquette Frères, Emsland Group, Kerry Inc., The Green Labs LLC, Nexira, Tate & Lyle, Farbest Brands, Taiyo International, AGT Food and Ingredients, Batory Foods.

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From 2022 to 2032, the global yoghurt market is expected to rise at a CAGR of 4.8%, from USD 89.9 Mn in the year 2022 to USD 143.7 Mn in the year 2032.

The global yoghurt industry is fueled primarily by the health benefits of yoghurt intake and a growing public awareness of the need for weight loss. Other factors driving market growth include the expansion of the retail market in various nations, as well as lower lactose percentages for lactose-intolerant people who want to eat dairy products.

Danone, Yakult, Chobani, and Nestle are among the biggest proponents of yoghurt awareness and consumption. People avoid consuming yoghurt because of artificial additions and ingredients added to it, as well as the harmful hormone therapy of milk-producing cows. Conversely, rising yoghurt demand in emerging countries is expected to open up various opportunities for global market expansion, owing to greater disposable income and increased health consciousness.

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Key Takeaways:

• The worldwide yoghurt market is estimated to grow at a CAGR of 4.8 % from 2022 to 2032, from USD 89.9 Mn in 2022 to USD 143.7 Mn in 2032.
• Grocery stores/ hypermarket/supermarkets contributed the most to the market sales in the year 2020, with USD 37,328.2 million, and are predicted to grow at a CAGR of 4.6 % to USD 59,586.9 million by 2031.
• China consumes 90% dairy-based probiotic goods and beverages, with dairy-based yoghurt making for a substantial percentage of the market.
• With an anticipated market value of USD 22.2 million and a massive market share of 65 percent in the North American region, the United States is regarded as the most prominent region for yoghurt.
• Due to increased awareness of the benefits of yoghurt intake and its incorporation in regular diets, the China Yogurt Market is expected to exceed USD 5.8 Mn in 2022, with a market share of 32 percent in the area.

Competitive Landscape:

The yoghurt market is having a huge potential to have strong growth with innovations in adding nutrients and enhancing texture as well as the flavour of products. Companies are extensively working on research and development with the advancement in technology to improve their product as per consumers’ interests and convenience. The development of drinkable yoghurt has boosted the sales of yoghurt significantly due to the ease of incorporating it into the diet and convenience to carry and transport. Fortification of yoghurt has also increased the demand for consumers due to a rise in health awareness.

The increased popularity of dairy-free products among millennials is anticipated to grow the market for plant-based nutritional products such as vegan yoghurts. Consumers in developed economies such as Europe And North America have been gravitating toward plant-based products as a result of increased incidences of ailments such as lactose allergy among the general public.

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Get More Valuable Insights

• Future Market Insights, in its new offering, provides an unbiased analysis of Yoghurt presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
• The study provides valuable insight on the Yoghurt market based on Product Type (Greek Yoghurt, Yoghurt Drinks, Frozen Yoghurt, Set Yoghurt), Distribution channels (Retailers, Hypermarkets, Specialist Retailers, Convenience Stores) & across seven major regions of the world.
• About Food & Beverage Division at Future Market Insights
• The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

Market Segmentation on yoghurt

By Product Type:

• Greek Yogurt
• Set Yogurt
• Frozen Yogurt
• Yoghurt Drinks

By Flavor:

• Flavoured
• Plain

By Source:

• Plant-Based Yogurt
• Dairy-Based Yogurt

By Distribution Channel:

• Retail/Convenience Stores
• Supermarkets And Hypermarkets
• Online Stores
• Specialist Retailers
• Others

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

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• What outlook does APAC provide?
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During the projected period, Saffron market is expected to grow at a CAGR of 10.8 %. The market value is projected to increase from US$ 480 Mn in 2022 to US$ 804.4 Mn by 2032.

The pectin market study done by FMI offers deep insights to the reader about the market’s today and forecasted growth. According to FMI, the pectin market is projected to grow with a CAGR of ~7.8% during 2022-2032.

According to a new study by FMI, the pectin market value is estimated at ~US$ 998.7 Mn in 2022. The growth in demand for pectin among consumers is primarily driven by its fat- & cholesterol-free nature and its application as a fat substitute in the bakery industry. The bakery industry is one of the industries that cover a wide variety of food products and attract consumers from all age groups. In recent years, growing health concerns among consumers has compelled bakery industry operators to offer fat-free products, thereby potentially raising the demand for pectin.

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Moreover, the vegan nature of pectin is likely to work to advantage of the bakery industry amid the rise of vegan culture across the globe and notable increase in number of population preferring vegetarian diet.

“Pectin, a plant-based product, has been garnering significant traction as a viable ingredient in the F&B industry, owing to its natural and vegan nature. In addition to special property of binding with the intestinal wall and protecting it from opportunistic microbial invasion during stress, pectin offers a number of health benefits. Moreover, it is one of the most easily available and cost-efficient products, making it ideal for multiple applications in food, beverages, and nutraceutical industries.”

The pectin market is mainly segmented on the basis of product, application and region:

Based on product, the pectin market is segmented as high methoxyl pectin, and low methoxyl pectin. Low methoxyl pectin remains the most preferred product, as it requires low sugar to form gels, unlike high methoxyl pectin that requires high sugar levels. Although high methoxyl pectin holds relatively low share in the market, it is expected to increase by 3-4% over the forecast period.

Noteworthy application of pectin includes various products such as jams & jellies, beverages, bakery filling & toppings, dairy products & frozen desserts, confectioneries, meat & poultry products, dietary supplements, functional foods, pharmaceuticals, personal care & cosmetics, and others. Among these, owing to wide applications in the bakery industry, consumption for bakery & toppings as well as jams & jellies is likely to account for relatively high sales.

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Pectin as a Solution to Various Complex Health Problems

Pectin is a solution to various health issues that were previously unable to cure. For example, niacin is an organic chemical taken by various consumers to supplement their diet with vitamin B3 and various important nutrients. But, it is also known to cause skin flushing in the face and upper body parts, which previously was treated as an allergy.

However, after deep research, it turns out that pectin helps in curing skin flushing caused by niacin, and skin flushing is not an allergy but a side effect of consuming more niacin. Similarly, pectin is known to treat ulcerated mouth and throat by simply applying it in the affected areas. Moreover, the replacement of chemicals with plant-based products in pharmaceuticals will continue to favor the growth of the pectin market.

Key Companies Profiled:

Cargill Incorporated

• Ingredion Incorporated

• CP Kelco

• Tate & Lyle LLC

• Koninklijke DSM N.V.

• Naturex

• Lucid Colloids Ltd.

• DowDupont

• Silvateam S.p.A.

• Compañía Española de Algas Marinas S.A (CEAMSA)

Environment-friendly Attributes Accounting for Greater Gains

With global warming and its disastrous consequences being constantly in the news, and plastics and other non-biodegradable products being banned by governments, humans are on the lookout for sustainable alternatives. Using pectin to make paper and plastic substitute is the most important and major step that manufacturers have taken towards protecting the earth.

Pectin, owing to its gelling property, can make proper paper plates and its plant-derived nature makes it safe for the environment as well. Innovations using pectin can also be seen in its usage to make foams and plasticizers. As pectin is considered safe, it is most commonly used to make edible films so that there is no need to remove the covering and food can be consumed directly.

Pectin Market Segmentation

Function:

• Thickener
• Stabilizer
• Gelling agent
• Fat replacer
• Others

Application:

• Food & Beverage
• Pharmaceuticals
• Bakery
• Dairy products
• Others

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• How much is the Pectin market current worth?
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• Which are the major countries driving demand for Pectin?
• Who are the major players in the Pectin market?

About FMI

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Worldwide Aluminium Chloride Market demand is expected to US$ 873.2 million in 2022, projected growth at a CAGR of 4.2% , valued in US$ 1,317.6 million between 2022 and 2032. The growth is attributed to increasing industrialization worldwide.

Aluminium Chloride is available in crystal form as well as powdered form in white color. It is one of the major compounds of aluminium and chlorine. Some of the key applications of aluminium chloride include waste water treatment, inks, metal precipitation, and food among others. Further, it is used as a catalyst for Friedel-Crafts reaction in organic synthesis and also for cracking of oil.

Moreover, it is also deployed in manufacturing of various petrochemicals which include ethyl benzene, ethyl chloride, and alkylbenzene and alkyl aryl ketone. Moreover, it also finds application as a key ingredient in polymerization reaction of various hydrocarbons.

Depending on the state (gas, liquid, solid) and on the operating temperature, aluminium chloride exhibits different structures such as cubic layered, octahedral geometry and trigonal planar. Aluminium chloride can be produced by various methods which include exothermic reaction of chlorine & metal, displacement reaction between metal and copper chloride & others.

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Global Aluminium Chloride Market: Dynamics 

Upswing in industrialization is expected to in turn augment the demand for waste water treatment solutions so as to reduce pollution levels. Waste water treatment being one of the major application areas for aluminium chloride, demand for aluminium chloride is expected to in turn witness a steady growth during forecast period.

Increasing demand for aluminium metal powder from various industries is the major factor that is expected to propel the demand for aluminium chloride during forecast period. The increasing production of pigments and dye-stuffs especially in countries in Asia Pacific region is expected to drive growth of global aluminium chloride market during forecast period.

Moreover, growth of pharmaceuticals and personal care industry is another factor that is expected to in turn fuel the demand for aluminium chloride, thus driving growth of global aluminium chloride market over forecast period.

Global Aluminium Chloride Market: Region-wise Outlook 

The global aluminium chloride market is divided into seven key regions namely North America, Latin America, Asia-Pacific, Western Europe, Eastern Europe, Japan and Middle East & Africa. Asia-Pacific is anticipated to dominate the global aluminium chloride market during forecast period.

North America and Western Europe regions are expected to witness a steady growth in consumption of aluminium chloride over the forecast period primarily due to increasing demand waste water treatment application.

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Global Aluminium Chloride Market: Key Players 

The key players involved in the manufacturing of aluminium chloride include

• GFS Chemicals
• Gulbrandsen
• Cellmark AB
• Skyhawk Chemicals
• Southern Ionics
• Tokyo Kasei Kogyo Co. Ltd.
• Kemira kemi AB
• GEO Specialty Chemicals, Inc.
• Noah Technologies Corporation.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, production methods, end-use industries and applications.

Global Aluminium Chloride Market: Segmentation 

The global aluminium chloride market can be segmented on the basis of production method, application and end-use industries.

On the basis of production method, global aluminium chloride market can be segmented into

• Chlorination of aluminium
• Crystallization of anhydrous aluminium chloride from solution of HCL
• Reaction of bauxite with coke and chlorine

On the basis of application, aluminium chloride market can be segmented into

• Waste water treatment
• Inks
• Synthetic rubber
• Lubricants
• Wood Preservatives
• Others

On the basis of end-use industries, global aluminium chloride market can be segmented into

• Chemicals
• Pharmaceuticals
• Agrochemicals
• Metal Production
• Pulp & Paper
• Others

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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The 2-EH market is expected to exhibit a CAGR of 6.7% from 2022 to 2032. Throughout the projection period, the 2-EH market share is poised to reach a total revenue of US$ 12 Billion by 2032 by improving from the current valuation of US$ 6.3 Billion in the year 2022.

Massive amounts of 2-EH are produced across the globe which is utilized in the manufacturing of several types of plasticizers, such as phthalate and non-phthalate plasticizers. Among such types of plasticizers, phthalates are basically phthalic acids, and they are utilized in a wide range of end-use industries owing to their processing and performance characteristics.

During the upcoming years, FMI has anticipated that demand for 2-EH is expected to be significantly higher in several industries including automotive, construction, and remodeling along with original equipment manufacturers (OEMs).

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Key Takeaways

• A prevalent rise is seen in the construction and paints & coating landscape which is expected to uphold the 2-EH market during the forecast period. Being one of the most commonly used chemicals, the 2-EH chemical is widely utilized in the manufacturing of an array of other industry-grade chemical components such as acrylate, plasticizers, and nitrate. These components are diversely applicable in several industrial landscapes including automotive, construction, plastic, pharmaceuticals, and rubber.
• The growing automotive industry is gaining rapid traction in the 2-EH market. In addition to that, the paints and coatings industry is widely excelling as their application in the automotive industry is contributing to the rise in consumption of 2-ethyl hexanol across this industry.
• Most of the stakeholders are concentrating on propelling their investment base in these end-use applications, which is resulting in surging growth of the construction and paints & coatings industries. These factors are expected to influence vital trends in the global 2-ethyl hexanol market in the coming years.
• A significant rise in disposable incomes of consumers in developing countries such as the Asia Pacific region is responsible for triggering a plethora of construction activities and infrastructure development across these geographies. Among some of the most crucial raw materials of different construction materials, the demand for 2-ethyl hexanol is expected to remain high in the construction industry.
• Phthalates account for more than half of the global consumption of plasticizers which has been noticed by the leading players in the 2-EH market. Additionally, they are aiming to capitalize on the growing sales of 2-EH in the phthalates industry.

Competitive Landscape

Just like any fragmented market, small and medium-sized businesses are predicted to face competition in the market. Prominent market leaders are focusing on catering to various end-use industries including building & construction, paints & coatings, marine, and transportation, in order to gain momentum in this landscape.

The rising presence of regional players along with global leaders in the 2-EH market is expected to dominate the market fragmentation across the forthcoming years. Key players are likely to focus on offering 2-ethyl hexanol for commercial construction and low-cost housing projects in the Asia Pacific to gain momentum in the region.

Small and regional players are gradually establishing a stronghold in the global landscape while leading market players are leveraging their large distribution networks to expand their customer bases.

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Key Companies Profiled

• The Dow Chemical Company
• Eastman Chemical Company
• Azotowe KATMdzierzyn
• Others

Key Segments In the 2-EH Market

By Type:

• Sapphire
• Ruby
• Emery

By Application:

• Plasticizers
• Non-phthalate
• Phthalate
• 2-EH nitrate
• 2-EH acrylate
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

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More Insights into the 2-EH Market

The Asia Pacific region is expected to dominate the global 2-EH market due to the growth of the 2-ethyl hexanol market wherein China is poised to remain the leading country by accounting for nearly half the revenue share of the 2-EH market in the Asia Pacific.

China is anticipated to emerge as the top market for 2-EH since several governing bodies in the country are working on boosting the infrastructures across various sectors. In addition to that, China is also expected to lead automotive production, opening new growth opportunities for the manufacturers.

North America is the second largest market contributing around 13.7% to the overall revenue share of 2-EH. North America is expected to have a massive expansion due to the immigration growth driving up demand for homes, residences, and vehicles.

Europe is expected to showcase lucrative growth opportunities in the projection period, as European coating firms have been motivated to create multifunctional and sustainable solutions while also providing value-added services to their clients by the regulatory environment and end-user desires. Across the forecast duration, this trend is expected to accelerate in the favor of the 2-EH market.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The global automotive oil market is anticipated to reach a valuation of US$ 68,279.6 Mn by the end of 2032. The market is directly impacted by expansion of the automotive industry. Automotive oil is the most commonly used lubricant in vehicles. They ensure that vehicles run smoothly and thus automotive oils and lubricants are essential components of the automobile industry.

The market will profit from rising demand for automotive oils due to increasing need for vehicles across the globe. Engine lubrication materials like automotive oils help in boosting a vehicle’s performance. Its main functions are to reduce friction and remove gunk from engines. It also keeps the engine cool to ensure optimum functioning.

The automotive oil market is evolving as a result of rising consumer demand for high-performing, high-quality oil that will improve fuel efficiency and engine performance. The market is also expected to be supported by increasing usage of passenger cars and commercial vehicles, as well as rapid expansion of the transportation sector in emerging economies.

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“Urgent need to extend the life of engines, stringent vehicle pollution norms established by various government agencies, and production of low-viscosity engine oils to enhance fuel economy are anticipated to drive the global market,” says a FMI analyst.

Key Takeaways: Automotive Oil Market

• The global market for automotive oil is projected to exhibit a CAGR of 7% between 2022 and 2032.
• By grade, the mineral segment is expected to remain at the forefront and is estimated to account for about 7% of the global automotive oil market share by 2032.
• By application, the light commercial vehicle segment is set to exhibit about 35% of the automotive oil market share by 2032.
• Based on engine type, the diesel segment is estimated to grow at a CAGR of 2% over the forecast period.
• China is likely to dominate the East Asia automotive oil market and is set to account for more than 70% of share in the region.

 Competitive Landscape: Automotive Oil Market

The market of automotive oil is estimated to be consolidated in nature and key players are expected to account for a considerable share of the market. Some of the top manufacturers include Dutch Shell, Valvoline, BP, ExxonMobil, Total, Fuchs Petrolub, Petronas, Chevron Corporation, Eni Gmbh, Castrol India, and Phillips 66 among others.

Key players are currently focusing on expanding their production capacities to increase their market presence all over the globe and to gain maximum revenue. Top players are also investing huge sums in innovating their existing product lines.

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Automotive Oil Market Outlook by Category

By Grade:

• Mineral
• Synthetic
• Semi-Synthetic

By Engine Type:

• Diesel
• Petrol
• Alternative Fuel

By Application:

• Passenger Vehicle
• Heavy Commercial Vehicle
• Light Commercial Vehicle
• Two Wheelers

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More Valuable Insights on the Automotive Oil Market

In its latest report, Future Market Insights offers an unbiased analysis of the global automotive oil market, and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on grade, engine type, application, and region.

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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